Bank of Mali: Game of musical chairs with Ouagadougou and Bissau
According to Africa Business+ sources, Karim Bagayoko, until now at the helm of the Banque de l’Union-Burkina Faso, a subsidiary of the Malian banking group BDM, is handing over his seat to his compatriot El Hadj Amadou Sankaré, who has been the boss of the Guinea-Bissau entity for 16 years.
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▪ Bank of Mali: Game of musical chairs with Ouagadougou and Bissau
▪ According to Africa Business+ sources, Karim Bagayoko, until now at the helm of the Banque de l’Union-Burkina Faso, a subsidiary of the Malian banking group BDM, is handing over his seat to his compatriot El Hadj Amadou Sankaré, who has been the boss of the Guinea-Bissau entity for 16 years.
▪ https://www.africabusinessplus.com/en/813233/bank-of-mali-game-of-musical-chairs-with-ouagadougou-and-bissau/
A game of musical chairs is taking place between the Burkinabe and Bissau-Guinean subsidiaries of the Development Bank of Mali (BDM). After setting the Banque de l’Union (BDU) in Burkina Faso on the right track – bringing its balance sheet from a dry loss of FCFA 533 million in 2015 at its inception to nearly FCFA 400 billion as of 30 June this year – the Malian economist is handing over the general management to a banker, a pure BDM product. Karim Bagayoko will take the helm of the Union Bank of Guinea-Bissau in Burkina, replacing El Hadj Amadou Sankaré.
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